Custom department detarmines the rate of foreign exchange for import and export business which will be effective from 1st of may 2010. Full notification is as under

TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No. 32/2010 – Customs (N.T.)

DATED THE 28 th April, 2010

8 Vaisakha, 1932(SAKA)

S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.26/2010-CUSTOMS (N.T.), dated the 29th March, 2010 vide number S.O.704(E), dated the 29th March, 2010,except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st May, 2010be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

S.No.

Foreign Currency

Rate of exchange of one unit of foreign currency equivalent to Indian rupees

(1)

(2)

(3)

(a)

(b)

(For Imported Goods)

(For Export Goods)

1.

Australian Dollar

41.80

40.60

2.

Canadian Dollar

45.05

43.80

3.

Danish Kroner

8.15

7.85

4.

EURO

60.30

58.65

5.

Hong Kong Dollar

5.80

5.65

6.

Norwegian Kroner

7.70

7.45

7.

Pound Sterling

69.65

67.80

8.

Swedish Kroner

6.30

6.10

9.

Swiss Franc

42.10

40.85

10.

Singapore Dollar

32.95

32.05

11.

US Dollar

44.90

44.00

SCHEDULE-II

S.No.

Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees